Cash recovery tool - detection of duplicate payments and other transactions. Identify any type of duplicate item such as invoice payments, employee expense reports, duplicate inventory items, fixed assets, etc. Duplicate payments/invoices can arise due to a variety of reasons, one of the most common of those reasons is when duplicate vendors have been setup. Testing for these duplicates is a common audit activity, but can often become complex because of such things as multiple platforms, difficulty of data conversion/extraction, large processing volumes, etc. For these and other reasons, the function is sometimes outsourced. Making the situation even more complicated, there can be instances where employees override system built-in controls. Also, judgment is required in order to identify what constitutes a "duplicate". For example, a transposed invoice number may have been entered once and then the correct invoice number entered a second time. Not all systems will detect such a duplicate payment.
Besides duplicate payments, some payments may be mis-keyed as to amount, e.g. $12,500 instead of $125.00. These types of errors can be often be identified through a review of outliers or by performing the "relative value" test.
Duplicate Payment Detector is a free software application from the Other subcategory, part of the Business category.
The app is currently available in English and it was last updated on 2010-05-31. The program can be installed on Windows.
Duplicate Payment Detector (version 1.99) has a file size of 7.11 MB and is available for download from our website.
Just click the green Download button above to start. Until now the program was downloaded 252 times.
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